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NEW QUESTION 32
Partnership sourcing is often considered a ‘high-risk’ strategy for a buyer. Which of the following is not a risk generally associated with partnership sourcing?
- A. Sharing commercially sensitive data with another party
- B. Single-sourcing may leave the buyer without a supply if the supplier goes into liquidation
- C. Supplier may become complacent
- D. Reduced waste in the supply chain
The correct answer is ‘Reduced waste in the supply chain’ – this is not a risk, this is a benefit P.134
NEW QUESTION 33
Which of the following factors would you use to analyse the macro-environment? Select THREE.
- A. social
- B. cultural
- C. legislative
- D. political
- E. philosophical
STEEPLE is what is used to analyse the macro-environment; the factors are; social, technological, economic, environmental, political, legislative and ethical. Details of this can be found on p.43-44
NEW QUESTION 34
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?
- A. Batch ordering
- B. Issuing POs electronically.
- C. Sharing up-to-date information
- D. Using several suppliers instead of one
The logistics risk can be reduced by ‘Sharing up-to-date information’. If the Pub tells the supplier when it’s running low, they can then time the deliveries more accurately.
P. 136. A lot of the questions on the ‘Partnerships’ chapters of the book are common-sense questions like this. It involves reading the question and using logic, rather than relying on your knowledge of procurement. If you found this question easy – that’s a good sign for the exam.
NEW QUESTION 35